Sunteck Realty isn’t just sitting on its laurels in Mumbai’s competitive real estate market. The company’s wholly owned subsidiary has secured a 4.5-acre plot adjacent to New Link Road in Borivali West, a high-demand corridor. According to a stock exchange filing on Monday, the transaction does not fall under related-party dealings, clearing a common compliance hurdle for investors tracking insider moves.
The financials back up the aggressive land bank strategy. For the first quarter of FY27, the developer posted a net profit of ₹42.3 crore, a 26.4% jump from ₹33.4 crore in the same period last year. Revenue, though thinner at ₹191.6 crore (up 1.7% YoY), saw a massive efficiency gain. EBITDA climbed 38.7% to ₹66.8 crore, pushing the margin from 25.6% to a healthy 34.9%. That’s a nine-point expansion in profitability, signaling better project mix or cost controls.
Operational metrics show momentum. Pre-sales hit approximately ₹787 crore in Q1 FY27, up 20% year-on-year. Collections followed suit at around ₹409 crore, a 17% increase. This cash inflow is critical for funding new acquisitions like the Borivali West plot without heavy reliance on debt. The company’s profit after tax margin also improved to 22% from 18% in the year-ago quarter.
On the BSE, Sunteck Realty shares ended Monday at ₹277.45, dipping ₹2.15 or 0.77%. The slight pullback might reflect short-term profit-taking after earlier gains, or caution around the recent ₹59 crore GST notice related to TDR procurement in FY23. Investors will watch how the new land acquisition integrates into their pipeline and whether margins can sustain this level of expansion in Q2.